36,075 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Acquired by Powszechne Towarzystwo Emerytalne Allianz Polska S.A.

Powszechne Towarzystwo Emerytalne Allianz Polska S.A. bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 36,075 shares of the credit services provider's stock, valued at approximately $3,079,000. PayPal comprises 2.4% of Powszechne Towarzystwo Emerytalne Allianz Polska S.A.'s investment portfolio, making the stock its 10th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal during the 3rd quarter valued at $26,000. Rosenberg Matthew Hamilton raised its stake in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after buying an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after buying an additional 272 shares during the period. Legacy Investment Solutions LLC bought a new stake in PayPal during the 3rd quarter valued at approximately $36,000. Finally, Modus Advisors LLC purchased a new position in shares of PayPal during the 4th quarter worth approximately $37,000. 68.32% of the stock is owned by institutional investors.

PayPal Price Performance

PYPL traded down $0.59 during trading hours on Monday, hitting $64.56. The company's stock had a trading volume of 3,884,954 shares, compared to its average volume of 11,622,802. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The business's 50-day moving average price is $76.28 and its 200-day moving average price is $80.90. The stock has a market cap of $63.86 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.27 and a beta of 1.52.

Remove Ads

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business's revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 EPS. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

PYPL has been the topic of several research reports. Wolfe Research upgraded PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price target on the stock in a research report on Friday, December 13th. DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a research note on Friday, February 28th. Citigroup reissued an "outperform" rating on shares of PayPal in a research note on Wednesday, February 5th. StockNews.com lowered shares of PayPal from a "buy" rating to a "hold" rating in a report on Saturday. Finally, BTIG Research restated a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Sixteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.40.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.